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2025 Mortgage-Free Wannabes

1626365676886

Comments

  • BridgetTheCat
    BridgetTheCat Posts: 214 Forumite
    100 Posts Photogenic Name Dropper
    edited 23 July at 9:15PM
    Another £7400 into the savings account yesterday. I’m extremely grateful to mum & dad (spending their money to avoid IHT 🤣).

    July total is now £7981.10

    Edit: forgot to add my number #41
  • carboot_karaoke
    carboot_karaoke Posts: 419 Forumite
    100 Posts Second Anniversary Photogenic Name Dropper
    edited 23 July at 4:55PM
    Afternoon all, #31

    Final July overpayment of £340. 
    Total for July £3,200
    YTD £23,900.

    Many thanks @julicorn

    MFW
    Opening Mortgage Balance 
    16/06/2024 - £99569.04 term remaining 80 months (Feb 2031) 

    Current Balance £27,200

    MFW 2025 #31 £35,800 / £28,000 OP

    MFIT - T7 £35,800 OP

    0%CC May 2027-  £2,550
    0% Loan £694.68
    Grocery Challenge 
    Jan £387.89 / Feb £ 355.67 / Mar £418.63 / Apr £478.37 / May £426.52 / June £376.18 / July £462.54+£103.32 entertaining / Aug £294.38+83.83 entertaining /Sept £328.93 / Oct £381.10 

    The final countdown to June 2026 - Page 4 — MoneySavingExpert Forum


  • Jemma01
    Jemma01 Posts: 434 Forumite
    Fourth Anniversary 100 Posts Photogenic Name Dropper
    edited 25 July at 7:11AM

    #46 can I please add 5k for July

    Thanks 

    Note:
    I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.
    Mortgage debt start date = 25/10/2024 = 175k (5.44% interest rate, 20 year term)
    • Q4/2024 = 139.3k (5.19% interest rate)
    • Q1/2025 = 125.3k (interest rate dropped from 5.19% - 4.69%)
    • Q2/2025 = 108.9K (interest rate 4.44%)
    • Q3/2025 = 92.2k (interest rate dropped from 4.44% to 4.19%)
    • Q4/2025 = 76.5k (interest rate 4.19%)
  • V3cash
    V3cash Posts: 323 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    #68 £50 OP for July please 

    MFW 2027

    £172.42 left to pay from 10% overpayment allowance, (July26).
    End fix on 2.79% July 27

    Mortgage  free Aim July 2027.
    July 25 £57,000, £56950
    August 25 £56,400
    September £55,850/£55,800
    October £55,195
    November £54,600







    Barclaycard £5300(0%) Deal ends April 2026.
    2nd 0%CC £300 deal ends after paid off)

  • Jessy103
    Jessy103 Posts: 2,440 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Hi, 

    No. 12 with an overpayment of £1987.82 for July.

    Thanks 🙂
    Starting Mortgage Balance (June 2019) £72,000. Mortgage Free November 2025!
  • t4mof
    t4mof Posts: 271 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    #36 with July’s total of £2300. Thanks @julicorn
    CC Debt at LBM Nov 08 - £25000+ DFD Dec 2012
    Second DFD May 2021
    Starting my MFW journey: Opening Balance: £138,000; July 2019: £135107.33; July 2024 £52974.60; July 2025 £11140.23
    2025 MFW #36
  • SuperSavingD
    SuperSavingD Posts: 576 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    #5 £220 total for July 2025, another feeling the sting of school holidays.  

    Thank you Julicorn
  • seventh88
    seventh88 Posts: 141 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Hi @julicorn thanks for continuing to record the challenge for us all, it's amazing to see we're nearly half a million in - that's incredible! No 39 here, please could you add £616 for august for me, bringing the total to £3905 for this year I think.
     Debt = £8017/£8017 (100% paid - cleared 26th August 2020) Boiler Fund = £2500/£2500 (100% saved - 26th August 2021)Emergency fund = £5000/£5000 (100% saved - 5th Jan 2025) | Mortgage  = £111,564/£132,469 (15% paid)

    Goal for 2025:
    1) MFW £5832/£3000



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